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(CNBC) -- The S&P 500 fell Wednesday, notching a sixth consecutive daily loss and hitting the lowest close since November 2020 as investors looked ahead to a key consumer report that will inform the pace of the Federal Reserve’s rate hikes going forward.
Traders took a comment in the central bank’s September meeting minutes as a sign that the Fed may back off rate hikes in the event of more market turbulence, which initially lifted stocks.
The Dow Jones Industrial Average shed 28.34 points, or 0.10%, to close at 29,110.85. The S&P 500 lost 0.33%, falling to 3,577.03. The Nasdaq Composite fell 0.09% to close at 10,417.10.
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